Consumer
Starbucks Investors Want to Know How the New CEO Will Meet Big Targets
- Doubts about China recovery, US economy are fueling concerns
- Analysts see the company falling short on some targets in 2024
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Now is Laxman Narasimhan’s chance to sell Wall Street on how he’ll deliver on the brisk sales and profit growth targets Starbucks Corp. promised when his predecessor, Howard Schultz, was running the coffee chain.
In Starbucks’ first investor day since Schultz handed over the reins of the company he built, Narasimhan will have to explain whether the chain can still achieve 7% to 9% comparable-sales growth amid an increasingly murky consumer backdrop and volatility in China.